Tag: Canada

What Exactly does the Legalization of Recreational Marijuana Mean?

As of October 17, 2018, cannabis became legal for recreational use. However, there are certain limits pertaining to its use, possession, cultivation, and purchase. So, What’s Legal? Under the Cannabis Control and Licensing Act (CCLA), the following regulations have been implemented. The Act’s objective is to promote safe use, eliminate the criminal elements, and support economic development. Legal Age Similar…

Here’s What you Need to Know about Cannabis Licensing

Bill C-45 has become the centre of many discussions. Its implementation enables adults in Canada to legally purchase cannabis for recreational use. The proposed Cannabis Distribution Act (CDA) establishes a province’s authority over the wholesale distribution of cannabis. Additionally, the proposed Cannabis Control and Licensing Act (CCLA) delegates provincial control over the sale, supply and possession of non-medical cannabis, and…

The Effects of More Stringent Mortgage Rules

Canadian home sales have fallen due to the tougher mortgage qualification rules that have deterred prospective buyers. The real estate market tightened its regulations in an attempt to make certain that buyers will be able to sustain potential fluctuations in their economic standing. This may be in terms of interest rate volatility, should their interest rates surpass that of their…